Yancoal Australia (ASX:YAL) Interest Coverage : 74.32 (As of Dec. 2023)

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What is Yancoal Australia Interest Coverage?

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income by its Interest Expense. Yancoal Australia's Operating Income for the six months ended in Dec. 2023 was A$1,412 Mil. Yancoal Australia's Interest Expense for the six months ended in Dec. 2023 was A$-19 Mil. Yancoal Australia's interest coverage for the quarter that ended in Dec. 2023 was 74.32. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Yancoal Australia Ltd has enough cash to cover all of its debt. Its financial situation is stable.

The historical rank and industry rank for Yancoal Australia's Interest Coverage or its related term are showing as below:

ASX:YAL' s Interest Coverage Range Over the Past 10 Years
Min: 0.21 Med: 5.48 Max: 72.19
Current: 72.19

ASX:YAL's Interest Coverage is ranked better than
65.89% of 129 companies
in the Other Energy Sources industry
Industry Median: 21.01 vs ASX:YAL: 72.19

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Yancoal Australia Interest Coverage Historical Data

The historical data trend for Yancoal Australia's Interest Coverage can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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Yancoal Australia Interest Coverage Chart

Yancoal Australia Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

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5.15

0.21

6.75

13.86

72.19

Yancoal Australia Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Coverage	Get a 7-Day Free Trial															12.03	24.09	10.05	70.50	74.32

Competitive Comparison of Yancoal Australia's Interest Coverage

For the Thermal Coal subindustry, Yancoal Australia's Interest Coverage, along with its competitors' market caps and Interest Coverage data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Yancoal Australia's Interest Coverage Distribution in the Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, Yancoal Australia's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Yancoal Australia's Interest Coverage falls into.

Yancoal Australia Interest Coverage Calculation

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:

If Interest Expense is negative and Operating Income is positive, then

Interest Coverage

-1

Operating Income

Interest Expense

Else if Interest Expense is negative and Operating Income is negative, then

The company did not have earnings to cover the interest expense.

Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then

The company had no debt ⁽¹⁾.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Yancoal Australia's Interest Coverage for the fiscal year that ended in Dec. 2023 is calculated as

Here, for the fiscal year that ended in Dec. 2023, Yancoal Australia's Interest Expense was A$-43 Mil. Its Operating Income was A$3,104 Mil. And its Long-Term Debt & Capital Lease Obligation was A$102 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	3104	/	-43
	=	72.19

Yancoal Australia's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the six months ended in Dec. 2023, Yancoal Australia's Interest Expense was A$-19 Mil. Its Operating Income was A$1,412 Mil. And its Long-Term Debt & Capital Lease Obligation was A$102 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	1412	/	-19
	=	74.32

The higher the ratio, the stronger the company's Financial Strength is.

Yancoal Australia (ASX:YAL) Interest Coverage Explanation

Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.

Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .

Yancoal Australia Interest Coverage Related Terms

Thank you for viewing the detailed overview of Yancoal Australia's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.

Yancoal Australia (ASX:YAL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Yancoal Australia Ltd (ASX:YAL) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

YACAF:USA 03668:Hong Kong YA1:Germany

Address

201 Sussex Street, Level 18, Darling Park Tower 2, Sydney, NSW, AUS, 2000

Website

https://www.yancoal.com.au

Yancoal Australia Ltd is involved in identifying, developing, and operating coal-related projects in Australia. It has a diversified product mix of metallurgical and thermal coal mines in New South Wales and Queensland. The company generates maximum revenue from the New South Wales segment. Non-operating items of the Group are presented in Corporate segment which includes administrative expenses, foreign exchange gains and losses recycled from hedge reserve, and elimination of intersegment transactions and other consolidation adjustments. It operates coal mines in the Hunter Valley and mid-Western region of New South Wales and open-cut mines in Queensland's Bowen Basin. The company's geographical markets include Japan, Singapore, China, South Korea, Taiwan, Thailand, and other countries.

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